Greece, Cyprus amongst countries with increasing poverty ris

Greece, Cyprus amongst countries with increasing poverty risk


Greece, Cyprus amongst countries with increasing poverty risk
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Greece and Cyprus are among the countries identified  with an increasing risk-of-poverty rate of the working age population along with Portugal, Spain, Italy, Ireland, Slovenia, Bulgaria, Austria and Sweden according to a report published yesterday by Eurostat.
The report shows that in 2020, the year of the COVID-19 outbreak, the median employment income of the working age population (18-64) in the EU decreased by 7% compared with 2019. However, the median disposable household income as well as the at-risk-of-poverty rate remained stable, with varying trends across countries.
This information comes from the early estimates on income inequality in 2020 published by Eurostat today. This article presents a handful of findings from the more detailed Statistics Explained article.

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